This week we discuss the realities of earning passive income from your art and digital products. We take a look at how passive income often isn’t all that passive and the gritty realities of what it really takes to be successful. Without further ado, let’s get into the show!
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Show Notes for This Episode:
[1:00] Passive income is nothing but passive.
[2:00] What exactly is passive income?
[3:00] Misconceptions with passive income.
[4:00] Breaking even with a product.
[5:00] Taking a risk upfront on a product.
[6:00] Passive income streams reducing freelance stressors.
[7:00] Dustin and Tom share how they were wowed by passive income.
[8:00] Tom shares when he knew he had to leave regular employment.
[9:30] Earning a living while you sleep is no fantasy.
[10:00] Calculating a products breakeven point.
[12:00] Everyone experiences the woes of operating costs.
[13:40] Why building passive income takes time.
[16:00] If you feel this way then passive income isn’t for you.
[17:50] Do designers really need 7 income streams?
[24:00] Broadening your market reach.
[26:00] Strategically product releases.
[28:00] Gauging a niche, market appeal and trends.
[29:00] Crafting a products for enjoyment rather than money .
[30:00] Dustin talks about products that fly your freak flag.
[36:00] Riding the passive income roller coaster.
[38:30] Battling anxiety and trusting yourself .
[41:00] Finding joy in the journey.
[41:50] Ian shares what he loves and loathes about passive income products.
[43:00] Dustin explains why he loves what he does.
[45:30] Lisa discusses struggling with work/life balance when you love your work .
[47:00] Tom describes his experiences with passive income.
[50:28] Starting your business money and stress.
[52:10] Passive income and finding happiness.
[53:00] Your business is a lot like taking care of a baby.
[54:00] Being realistic about your success.
“A must for every creative freelancer (or those aspiring to freelance). Thank you for being so… honest! Such a wealth of information from people I admire who have ‘been there and done that’. Listening to the podcast every week feels like I’m among friends. Can’t wait for more episodes!” – AG_GD